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Ipo Timetable Chart Notes

This is a sample of our (approximately) 3 page long Ipo Timetable Chart notes, which we sell as part of the Public Companies and Equity Finance Notes collection, a Distinction package written at Multiple Institutions in 2013 that contains (approximately) 165 pages of notes across 52 different documents.

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Ipo Timetable Chart Revision

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IPO Timetable

Time Details
24-52 Pre-IPO preparation
weeks - Company chooses advisers before o LR 8.1.1 if premium listed then appoint sponsor impact - Company considers its suitability for an IPO and the most appropriate method of listing day its shares - Company effects any necessary restructuring - Company takes decision to proceed with IPO
12-24 The IPO process begins
weeks - Company appoints advisers and meets sponsor (if premium listed)
before - Sponsor drafts and advisers agree a timetable impact - Sponsor informs FSA about intended IPO day - First marketing meetings with sponsor and broker - Initial planning meetings with advisers take place - Legal and financial due diligence begins o Business due diligence into the commercial aspects of the company o Financial due diligence carried out by the reporting accountants o Legal due diligence  Corporate - structure & constitution of the company  Business & trading - including requests for all material agreements  Assets  Property  Environmental matters  Insurance  Basic financial information  IP and information technology  Employees  Pensions  Disputes  Any market-specific regulatory issues 6-12 The process gathers momentum
weeks - Key managers of the company work full-time on IPO
before - Accountants produce long-form and draft short-form report impact - Lawyers produce draft prospectus and begin the verification process day - Initial drafting meeting with advisers - Sponsor submits draft documentation relating to the approval of the prospectus to the FSA - Pay FSA fee for approval of the prospectus - Sponsor & company have first meeting with the Stock Exchange - Initial pricing meetings with sponsor, broker and any underwriters and sub-underwriters - Valuation of any key assets - Meetings with Financial PR consultants 2-6 weeks The process becomes intense
before - Detailed drafting meetings, incorporating FSA's comments impact - Lawyers complete verification day - Publish any pathfinder prospectus - Accountants and sponsors review cash-flow statements and any profit forecasts - Convene completion GM of company - Further PR meetings - Ensure any ancillary documentation is prepared - First meeting with registrars - Deadline for submitting draft prospectus to the FSA is 20 days before impact day o 87C FSMA - FSA must notify company whether it has decided to approve

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